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for education and food stamps and nutrition programs and medicaid. that is something that's great concern to democrats. >> what are they giving up on spending? >> what are we giving up on spending? well, actually, there's a $1.2 trillion on the table right now under our democrats who say let it go. let the across the board cuts take place. because at least in that case, defense bears a part of the burden. and under the sequester, medicaid and some other things are protected. so there's still a $1.047 trillion in spending cuts in the sequester that there are a lot of democrats who are willing to let happen. >> unfortunately we have to leave it there for the moment. lots of things, of course, happening in this hour. but we really do appreciate you joining us today. >> my pleasure. happy new year. you too. >>> howard dean has been on our show many times and he says he wants to go over the fiscal cliff. the former dnc is here and he's going to join us next and tell us what he sees in the situation as it stands. and having an invt like northern trust by your side makes all the difference. we a
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